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TRX SoFi launches SOFIE tokenized deposit paying 4.4% APY with FDIC insurance
SoFi launched SOFIE, a tokenized deposit paying 4.4% APY with FDIC insurance, according to The Block, Decrypt and The Defiant. Decrypt reports each SOFIE token represents $1 on deposit at SoFi Bank. The Defiant reports members can convert the deposit into SoFiUSD at a 1:1 rate, but deposit interest and FDIC coverage do not follow the money into the stablecoin. Cointelegraph reports SoFi Bank launched the product as SoFi Earn, allowing users to convert funds to stablecoins 24/7.
Why “Unverified”
- 4 independent sources (The Block, Decrypt, The Defiant, Cointelegraph), but no primary confirmation
4 independent source groups across 4 posts · evidence score 96/100. How labels work
What the sources claim
-
SoFi launched SOFIE, a tokenized deposit offering 4.4% APY and FDIC insurance.
“SoFi has launched SOFIE, a tokenized deposit offering 4.4% APY and FDIC insurance”
The Block -
Each SOFIE token represents $1 on deposit at SoFi Bank, earning 4.40% APY with FDIC insurance.
“Each SOFIE token represents $1 on deposit at SoFi Bank, earning 4.40% APY with FDIC insurance”
Decrypt -
Members can convert the deposit into SoFiUSD at a 1:1 rate, but interest and FDIC coverage do not carry over to the stablecoin.
“Members can convert the deposit into SoFiUSD at a 1:1 rate, but deposit interest and FDIC coverage do not follow the money into the stablecoin.”
The Defiant -
SoFi Bank launched SoFi Earn, a tokenized deposit paying 4.40% APY with FDIC coverage and 24/7 conversion to stablecoins.
“SoFi Bank launched SoFi Earn, a tokenized deposit paying 4.40% APY with FDIC coverage, allowing users to convert funds to stablecoins 24/7.”
Cointelegraph
Sources
More in Stablecoins & Payments
Summary and claims extracted by AI with prompt analyze-story@5 on 2026-10-22 13:20 UTC. Labels are computed from the sources, not by the model.